Why is Vishal Mega Mart falling/rising?

As of 30-Jun, Vishal Mega Mart Ltd's stock price is currently at Rs 133.90, reflecting a decrease of 0.8 or 0.59%. Despite this decline, the stock has shown positive performance over the past week and month, with returns of 3.72% and 7.46% respectively. It is also trading above its moving averages across various time frames, indicating a generally upward trend. However, the stock has underperformed its sector by 1.75% today, and there has been a significant drop in investor participation, with delivery volume falling by 78.81% compared to the five-day average. The company has a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 0.57 times, and has experienced healthy long-term growth with net sales increasing at an annual rate of 20.20%. Additionally, institutional investors have increased their stake by 18.02% over the previous quarter, which may provide some support for the stock.
Broader market context indicates that Vishal Mega Mart's recent performance has outpaced the benchmark Sensex, which has returned 2.09% over the past week and 2.65% over the past month. However, the stock's flat results in March and its high valuation, as indicated by a ROCE of 12.9 and an enterprise value to capital employed ratio of 8.7, may be contributing to investor caution. While the stock has generated a return of 0.00% over the past year, its profits have risen by 37%, suggesting that while the fundamentals are strong, the market may be reacting to valuation concerns.